LegalPCF Group
PCF Group Current Report No. 44/2023: Completion of Series G Share Subscription
28 Aug 20237 pages~16 min full read
PCF Group S.A. successfully raised 100,938,340.80 PLN in gross capital through a private subscription of Series G shares.
See it on page 2The offering consisted of 2,510,904 new ordinary shares issued at a price of 40.20 PLN per share.
See it on page 3The subscription process concluded on August 18, 2023, with all shares fully subscribed to by 40 qualified institutional and professional investors.
See it on page 2The capital raise was conducted via a book-building process held between August 9 and August 10, 2023, with all contributions made in cash.
See it on page 2The offering was restricted to professional investors and excluded public retail participation in jurisdictions including the United States, Australia, Canada, Japan, and South Africa.
See it on page 5Final issuance costs, including advisory and brokerage fees, remain pending and will be disclosed in a future report once all invoices are processed.
See it on page 3This regulatory report, issued on August 28, 2023, details the successful completion of a Series G share subscription by PCF Group S.A. (People Can Fly), a prominent Warsaw-based game development studio. The primary purpose of the disclosure is to provide final results for a private subscription conducted under Polish commercial law, which aimed to raise capital through the issuance of new bearer shares to qualified investors.
The offering involved the issuance of 2,510,904 Series G ordinary shares with a nominal value of 0.02 PLN each. The book-building process took place between August 9 and August 10, 2023, and the subscription process concluded on August 18, 2023. All offered shares were successfully subscribed to by a group of 40 investors at an issue price of 40.20 PLN per share. Consequently, the total gross value of the offering reached 100,938,340.80 PLN. All contributions were made in cash, and the issuance did not require a formal allotment process as all shares were covered by signed subscription agreements.
The scope of the offering was restricted to qualified institutional buyers and professional investors, specifically excluding public retail offerings in jurisdictions such as the United States, Australia, Canada, Japan, and South Africa. While the report confirms the successful capital raise, it notes that the final costs associated with the issuance—including advisory and brokerage fees—had not been fully settled at the time of publication. The company committed to releasing a subsequent report to detail these expenses and their impact on financial statements once all invoices are processed. The document maintains a strictly neutral, technical tone, adhering to European Union Market Abuse Regulations and Polish capital market transparency requirements.
